LME base metals prices witness mix trends; stocks see outflows barring copper

  • Base metals prices on LME saw varied trends in last closing. The highest gain was seen in aluminium, up 1.3%. Meanwhile, stocks witnessed outflows, barring copper.
  • China’s May manufacturing may remain stable at 50.4, reflecting uncertainty amid property sector woes despite recent economic growth.
  • Aluminium prices surged to 2-year high amid supply tightness, with investors switching from copper amid increased buying interest.